Common use of Volume Commitment Clause in Contracts

Volume Commitment. If the Agreement contains a Volume Commitment and is terminated by Customer pursuant to the clause entitled Customer Termination for Convenience or by Verizon pursuant to the clause entitled Termination for Cause or Insolvency, Customer shall pay an Early Termination Charge equal to: (a) 75% (or other percentage detailed elsewhere in the Agreement) of the shortfall in any Volume Commitment(s) in the Contract Year of termination; and (b) 75% (or other percentage detailed elsewhere in the Agreement) of the aggregate of the remaining applicable Volume Commitments.

Appears in 5 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com, www.verizon.com

AutoNDA by SimpleDocs

Volume Commitment. If the Agreement contains a Volume Commitment and is terminated by Customer pursuant to the clause entitled Customer Termination for Convenience or by Verizon pursuant to the clause entitled Termination for Cause or Insolvency, Customer shall pay an Early Termination Charge equal to: (a) 75% (or other the percentage detailed elsewhere in the Agreement) Agreement of the shortfall in any Volume Commitment(s) in the Contract Year of termination; and (b) 75% (or other the percentage detailed elsewhere in the Agreement) Agreement of the aggregate of the remaining applicable Volume Commitments.

Appears in 3 contracts

Samples: www.verizon.com, enterprise.verizon.com, enterprise.verizon.com

Volume Commitment. If the Agreement contains a Volume Commitment and is terminated by Customer pursuant to the clause entitled Customer Termination for Convenience or by Verizon pursuant to the clause entitled Termination for Cause or Insolvency, Customer shall pay an Early Termination Charge equal to:: (a) 75% (or other the percentage detailed elsewhere in the Agreement) Agreement of the shortfall in any Volume Commitment(s) in the Contract Year of termination; and (b) 75% (or other the percentage detailed elsewhere in the Agreement) Agreement of the aggregate of the remaining applicable Volume Commitments.

Appears in 2 contracts

Samples: www.verizon.com, enterprise.verizon.com

Volume Commitment. If the Agreement contains a Volume Commitment and is terminated by Customer pursuant to the clause entitled Customer Termination for Convenience or by Verizon pursuant to the clause entitled Termination for Cause or Insolvency, Customer shall pay an Early Termination Charge equal to: (a) 75% (or other percentage detailed elsewhere in the Agreement) Agreement)the percentage detailed in the Agreement of the shortfall in any Volume Commitment(s) in the Contract Year of termination; and (b) 75% (or other percentage detailed elsewhere in the Agreement) Agreement)the percentage detailed in the Agreement of the aggregate of the remaining applicable Volume Commitments.

Appears in 1 contract

Samples: enterprise.verizon.com

AutoNDA by SimpleDocs

Volume Commitment. If the Agreement contains a Volume Commitment and is terminated by Customer pursuant to the clause entitled Customer Termination for Convenience Convenience” or by Verizon pursuant to the clause entitled Termination for Cause or InsolvencyInsolvency ”,, Customer shall pay an Early Termination Charge equal to: (a) 75% (or other percentage detailed elsewhere in the Agreement) of the shortfall in any Volume Commitment(s) in the Contract Year of termination; and (b) 75% (or other percentage detailed elsewhere in the Agreement) of the aggregate of the remaining applicable Volume Commitments.and

Appears in 1 contract

Samples: enterprise.verizon.com

Time is Money Join Law Insider Premium to draft better contracts faster.